Chihuahua Starts Jumbo Road Securitization

Aug 23, 2013

The Mexican state of Chihuahua has priced a MXP12bn ($915m) securitization of toll road revenues, representing the first and largest portion of a three-tranche deal. The 25-year UDI-denominated tranche priced at 5.95%, or UDIBonos+236bp, according to people familiar with the terms. Raising funds...